MIA up on results

Following the strong results published last week by the board of directors of Malta International Airport p.l.c, Malta International Airport's shares witnessed an increased of 5.469 per cent during the week after opening at Lm1.28 on Monday and closing the week's trading at Lm1.35. Total turnover amounted to 51,406 shares changing hands over 42 deals. At the end of yesterday's session, bids for 3,880 shares at Lm1.32 and offers of 1,746 shares at Lm1.354 made up the best unsatisfied closing positions.

Bank of Valletta shares opened the week at Lm4.896 on Tuesday and closed the week's trading at Lm4.86 yesterday. A total of 5,988 shares changed hands over the week, spread over 16 deals. During the week, the price ranged between Lm4.897 and Lm4.86. As yesterday's session drew to a close, 300 shares at Lm4.84 and 1,415 shares at Lm4.86 were the best unsatisfied bids and offers respectively.

The price of HSBC shares lost 6c5 during the week to end yesterday's session at Lm4.85 after opening at Lm4.915 on Monday. Total turnover amounted to 14,579 shares changing hands over eighteen deals. At the end of yesterday's session, bids for 300 shares at Lm4.85 and offers of 1,000 shares at Lm4.90 made up the best unsatisfied closing positions.

Meanwhile, Maltacom shares opened the week at Lm1.40 went down to Lm1.36 during the week, before going up again to end yesterday's session at Lm1.39. Turnover amounted to 10,218 shares changing hands over 18 deals. Best bids for 8,375 shares at Lm1.36 and best offers of 1,000 shares at Lm1.42 remained outstanding when yesterday's session drew to a close.

In a company announcement issued on Monday, Simonds Farsons Cisk p.l.c. stated that the 58th annual general meeting is to be held on June 30 to read and approve the minutes of the 57th annual general meeting held on June 28, 2004; to receive and consider the accounts for the year ended January 31, 2005 and the reports of the directors and auditors thereon; to approve the dividends as recommended by the directors; to appoint auditors and to elect directors.

In another company announcement issued on Monday, Datatrak Holdings p.l.c. stated that the board of directors of Datatrak Holdings p.l.c. is scheduled to meet on June 14 to discuss and approve the financial statements for the period ended December 31, 2004.

The other equities which traded during the week appear below, followed by the range in which trading took place; 2,411 Lombard Bank shares at Lm5.10; 5,460 Middlesea Insurance shares between Lm3.30 and Lm3.29; 5,000 Simonds Farsons Cisk shares between Lm1.06 and Lm1.00; 23,796 International Hotel Investments shares between €0.80 and €0.76; 180,000 FIM Bank shares between USD1.21 and USD1.18; 50 Global Financial Services shares at Lm1.17 and 4,175 San Tumas Shareholdings p.l.c. at Lm0.80

Total Malta Government stock turnover amounted to a nominal value of Lm1,521,100 being traded in 87 deals over 24 different stocks. Trading over the week in corporate bonds was made up of a total value of Lm39,064.

The Malta Stock Exchange share index decreased by 33.294 points or 0.97 per cent over the week and now stands at 3,390.102.

Azzopardi Investment Management Limited and its directors have an interest in the listed companies mentioned and may have an interest in other securities, commodities or currencies mentioned.